Optimizing green subsidy policies for decarbonization in Southeast Asia's real estate sector

IF 14.2 2区经济学 Q1 ECONOMICS

Energy Economics Pub Date : 2025-03-10 DOI:10.1016/j.eneco.2025.108372

Huake Liu , He Nie , Di Sang , Yu Wang , Xueren Zhang

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Abstract

The real estate sector is a significant contributor to carbon emissions, especially in lesser-developed countries in Southeast Asia, where the adoption of energy-efficient technologies remains limited. This paper evaluates the effectiveness of heterogeneous green subsidy policies aimed at reducing carbon emissions in the real estate industry. Using a dynamic stochastic general equilibrium (DSGE) model, we assess the impact of these policies on building materials manufacturers, real estate enterprises, and regulatory bodies. Our findings indicate that targeted subsidies for low-carbon production factors significantly reduce carbon emissions and support sustainable economic growth in the real estate sector. The results offer crucial insights into formulating green subsidy policies that align with decarbonization goals while fostering sustainable development in Southeast Asia's emerging economies. This research provides practical recommendations for policymakers to optimize green subsidies and promote a transition to a low-carbon future.

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优化东南亚房地产行业脱碳绿色补贴政策

房地产行业是碳排放的重要来源，尤其是在采用节能技术仍然有限的东南亚欠发达国家。本文评价了针对房地产业碳减排的异质性绿色补贴政策的有效性。利用动态随机一般均衡（DSGE）模型，我们评估了这些政策对建筑材料制造商、房地产企业和监管机构的影响。我们的研究结果表明，低碳生产要素的定向补贴显著降低了房地产行业的碳排放，支持了经济的可持续增长。研究结果为制定符合脱碳目标、同时促进东南亚新兴经济体可持续发展的绿色补贴政策提供了重要见解。本研究为政策制定者优化绿色补贴和促进向低碳未来过渡提供了切实可行的建议。

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来源期刊

Energy Economics ECONOMICS-

CiteScore

18.60

自引率

12.50%

发文量

524

期刊介绍： Energy Economics is a field journal that focuses on energy economics and energy finance. It covers various themes including the exploitation, conversion, and use of energy, markets for energy commodities and derivatives, regulation and taxation, forecasting, environment and climate, international trade, development, and monetary policy. The journal welcomes contributions that utilize diverse methods such as experiments, surveys, econometrics, decomposition, simulation models, equilibrium models, optimization models, and analytical models. It publishes a combination of papers employing different methods to explore a wide range of topics. The journal's replication policy encourages the submission of replication studies, wherein researchers reproduce and extend the key results of original studies while explaining any differences. Energy Economics is indexed and abstracted in several databases including Environmental Abstracts, Fuel and Energy Abstracts, Social Sciences Citation Index, GEOBASE, Social & Behavioral Sciences, Journal of Economic Literature, INSPEC, and more.